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Old 04-26-2024, 09:54 AM
 
79,194 posts, read 61,312,609 times
Reputation: 50454

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Quote:
Originally Posted by MsVulcan500 View Post
I'm sure most insurance companies will make this monitoring the standard, but I will hold out as long as possible next time.
The state department of insurance controls the marketplace so if you're worried about this being standard it will be their doing and not the insurance companies.

Additionally, the profit margins are regulated.

If you invented a magic rock that was placed in every glove box that cut car accidents by 50%, the state regulators are going to reduce premiums by the off-setting amount and the insurance company will make less total dollars of revenue and profit. This would subsequently hurt their stock price.
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Old 06-10-2024, 07:00 AM
 
Location: Concord, CA
7,249 posts, read 9,437,361 times
Reputation: 25939
Is Your Driving Being Secretly Scored?

The insurance industry, hungry for insights into how people drive, has turned to automakers and smartphone apps like Life360.


free link: https://www.nytimes.com/2024/06/09/t...smid=url-share

"You know you have a credit score. Did you know that you might also have a driver score?

The score reflects the safety of your driving habits — how often you slam on the brakes, speed, look at your phone or drive late at night.

While you can see your credit score, you will have a harder time finding out what your driving score is. But auto insurance companies can get it — and that could affect the rate you pay.

For the last two decades, auto insurers have been trying to get people to enroll in programs, commonly called usage-based insurance plans, that monitor their day-to-day driving so rates better reflect the actual risk. But privacy-minded consumers have been reluctant to sign up."
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Old 06-10-2024, 07:24 AM
 
14,509 posts, read 14,492,994 times
Reputation: 46136
Quote:
Originally Posted by Vision67 View Post
Is Your Driving Being Secretly Scored?

The insurance industry, hungry for insights into how people drive, has turned to automakers and smartphone apps like Life360.


free link: https://www.nytimes.com/2024/06/09/t...smid=url-share

"You know you have a credit score. Did you know that you might also have a driver score?

The score reflects the safety of your driving habits — how often you slam on the brakes, speed, look at your phone or drive late at night.

While you can see your credit score, you will have a harder time finding out what your driving score is. But auto insurance companies can get it — and that could affect the rate you pay.

For the last two decades, auto insurers have been trying to get people to enroll in programs, commonly called usage-based insurance plans, that monitor their day-to-day driving so rates better reflect the actual risk. But privacy-minded consumers have been reluctant to sign up."
I notice that Allstate is constantly running commercials trying to get people to get insurance through them and sign up for "drivewise".

I will never have insurance with Allstate. I think they are a crummy company. Plus, I will never sign up for a program that monitors my driving.
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Old 06-10-2024, 10:52 AM
 
Location: Concord, CA
7,249 posts, read 9,437,361 times
Reputation: 25939
I was surprised that the App "Gas Buddy" includes a "Join Drives" button that opts you in.

"What is not made clear when people sign up for the features is that Arity also analyzes how risky their driving is for insurance purposes.

On GasBuddy, for instance, users can turn on a feature that rates the fuel efficiency of their drives, a feature “powered by Arity.” Brandon Logsdon, a spokesman for the company, said that users “agree to Arity’s Privacy Statement before they opt in to the Drives function.

But this agreement is in small gray font under a big red button labeled “Join Drives.” The tiny disclosure says simply that by clicking “Join Drives” you will share “certain information” with Arity and agree to Arity’s privacy statement, which is hyperlinked. The language does not explain what Arity is or does.

The company sells access to the driving scores of tens of millions of people. Auto insurance companies can “request a person’s individual driving score, which is delivered instantly,” according to Allstate’s website.
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Old 06-10-2024, 12:45 PM
 
6,219 posts, read 3,916,275 times
Reputation: 17546
Quote:
Originally Posted by Upminster-1 View Post
These examples are why I passed on the insurance discount offer when I bought a new car seven months ago. The "car" is very smart and provides "alerts" for things that go way beyond safe driving. It just ins't smart enough to put the "data" in context.

The fact that I haven't had an accident/claim in several decades should be good enough.
Absolutely! That's the real proof of whether you are a dangerous driver or not. All of these indicators such as hard braking or sudden acceleration are simply someone's idea of what may cause or lead to an accident. Why rely on someone's theories when actual hard data is available to the insurance companies for the asking.
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Old 06-10-2024, 07:42 PM
 
2,388 posts, read 1,238,516 times
Reputation: 7149
Quote:
Originally Posted by Vision67 View Post
[b]
The company sells access to the driving scores of tens of millions of people. Auto insurance companies can “request a person’s individual driving score, which is delivered instantly,” according to Allstate’s website.
Exactly. The "safe driver discount" they offer to people who sign up for this is merely chump change. You think they're doing it out of the good of their heart because they care about you? Probably a write-off compared to what they gain from all the personal data collected.
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Old Today, 02:40 PM
 
Location: Portland, Oregon
9,559 posts, read 16,629,592 times
Reputation: 14625
I just started an Allstate Policy today. They were cheaper than everyone else I called in Portland. I hesitated signing up for Drivewise, but the policy was so high I did. I installed the App it says everything is go, so I went out for a drive. I then went to the app after the drive and it is showing 0 trips. I have tried finding the issue but the allstate diagnostics says OK. I have now tried 3 trips and it doesn't record the trips. Between the damn app not working on my phone, and the comments on here. I also am done with these apps that monitor driving.
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